Mayer Multiple Signals Bear Market: Is Bitcoin's Bottom Below $50K?

With Bitcoin's Mayer Multiple at 0.65, discussions intensify about BTC's potential price bottom, speculating it could fall below $50,000.

The Mayer Multiple for Bitcoin has recently hit a value of 0.65, reminiscent of the challenging bear market experienced in 2022. This development has ignited discussions among analysts regarding the potential bottom for Bitcoin's price, with some suggesting that it could dip to $50,000 or even lower.